Funds Hub
Money managers under the microscope
Morning Line-Up: Crest Nicholson, Credit Suisse/Apollo, Christmas online
News and views on the asset management industry from Reuters and elsewhere:
Crest Nicholson lenders eye debt/equity swap – FT
Credit Suisse sells soured property loan to Apollo – Reuters
Crosby aborts its Apollo mission
As predicted last November, troubled fund firm Crosby’s joint venture Apollo Multi Asset Management has struggled to attract assets and today Crosby announced it is pulling out as a partner in the loss-making boutique.
Apollo, a fund of funds venture with fund manager Tom McGrath, produced some respectable performance from its Balanced fund but attracted just 31.2 million pounds in assets.
